Friday, Apr 26, 2024 | Last Update : 03:07 AM IST
Forensics firm Cellebrite gets USD 110 million IGP investment
The investment will allow Cellebrite to accelerate growth both organically and through acquisitions.
Israel’s Cellebrite, whose software can unlock and extract data from mobile devices and is used by law enforcement and government agencies as well as businesses, said on Monday it had received a USD 110 million investment from IGP Capital.
The company, which was acquired by Japan’s Sun Corp in 2007, did not provide further financial details.
Israeli news website Calcalist said that after the deal, which values Cellebrite at USD 440 million, investment fund Israel Growth Partners (IGP) will hold about a 25 per cent stake in Cellebrite.
The investment will allow Cellebrite to accelerate growth “both organically and through acquisitions”, Cellebrite Co-CEO Yossi Carmil said in a statement.
